Surgent's Annual Accounting Update Download

Overview

Designed for accounting and auditing practitioners at all levels in both public accounting and business and industry, this course provides an overview of recent accounting matters including: Private Company Standard Setting activities; a review of the FASB's new Lease Accounting standard -- ASU No. 2016-02; hot topics related to ASC 606 and a review of a topic which became very relevant in the COVID-19 environment: impairment.

Prerequisites

Experience in financial reporting

Objectives

• Be aware of recent Private Company Standard Setting activities
• Review recently issued FASB Accounting Standards Updates
• Understand the new Lease standard
• Recall hot topics related to applying ASC 606
• Recall the basics of impairment accounting under ASC 350 and 360

Highlights

• Private Company Standard Setting activities
• FASB Accounting Standards Updates
• Revenue recognition
• Leases
• Impairment accounting